There are many reasons why families might want to send their children to small schools. Maybe they like the idea of a more intimate learning environment, or they’re looking for a school that specializes in a particular area like the arts or sciences. Whatever the reason, one thing is clear: choosing a small school can be a big financial commitment.
Most small schools charge tuition, and tuition rates can vary widely depending on the school’s location, size, and type. Small schools also charge one-time school fees that families should be aware of before choosing one. Here are eight other types of small school payments that families should consider:
1: Application Fees
Many small schools charge an application fee, which is usually around $50. This fee covers the cost of processing applications and is generally non-refundable. Also, keep in mind that some schools require applicants to submit additional materials like test scores or essays, which may incur additional fees.
2: Testing Fees
Some small schools require applicants to take entrance exams, and these exams often come with a fee. For example, the Independent Schools Entrance Examination (ISEE) costs $125 for the lower level and $155 for the upper level. The Secondary School Admission Test (SSAT) costs $116 for members and $149 for non-members.
3: Interview Charges
Other small school payments include interview charges. Some small schools require applicants to interview with a member of the admissions staff, and these interviews usually come with a fee. Some interviews can cost as much as $500, but it all depends on the school.
4: Deposit Fees
After being accepted to a small school, many families are required to pay a deposit fee. This fee is generally around $500 and is used to hold a spot for your child at the school. The deposit is usually refunded if you decide not to attend the school, but it is non-refundable if you change your mind after a certain date.
5: Tuition Insurance
Some small schools strongly encourage families to purchase tuition insurance, even though it is not mandatory. This insurance protects families in case they have to withdraw their child from school for any reason. It typically costs between 1-2% of the total tuition and is refunded if you do not use it.
6: Curriculum Payments
In addition to tuition, many small schools have additional payments for curriculum materials. Be sure to ask about these additional costs when considering a small school.
7: Extended Care Charges
If you need before or after-school care for your child, many small schools offer this service for an additional fee. These charges range from $100-$300 per month, depending on the length of care and the number of days you need it.
8: Uniform Costs
Some small schools require students to wear uniforms, and these uniforms can be costly. Some uniforms can cost as much as $500, while some cost as little as $100. Some schools require you to buy uniforms through the school, but others allow you to purchase them from a store of your choice.
As you can see, there are a variety of small school payments that families should be aware of before making a decision. These costs can add up quickly, so be sure to consider them all when comparing schools. However, with a little bit of research, you can find the perfect school for your family without breaking the bank.
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